Self-Employed Income Support Scheme - update 05.05.20

Following on from Jeremy’s email earlier today we have had further guidance on the Self Employed Income Support Scheme as follows:

We will not be able to make the claim for you as an agent – this has been confirmed by our Institute today, they have expressed their displeasure about this to HMRC so this may change, but it appears unlikely

HMRC will calculate the grant from its records and at no stage will you have to supply information about your income – presumably why they are happy for agent’s not to be involved

The application portal will open to taxpayers on a staged basis between 13 and 18 May, with the portal opening on different days for different taxpayers on a random basis

HMRC will check the claim and expects to make payments from 25 May 2020 or within six working days of the application being submitted, whichever is the later